7927 Norton Ave West Hollywood , CA 90046
Pending
$2,395,000
13%
4 Units
12 Beds
8 Baths
6,096 Area(sq.ft.)
7,398 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 3 | 2 | No | $ 3,570 | $ 14,281 | $ 21,180 |
| 1 | 4 | 12 | 8 | $ 14,280 | $ 57,124 | $ 84,720 |
| MLS #: | 24-395355 |
| Days On Market: | 162 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 393 |
| Price per unit: | $ 598,750 |
| Year Built: | 1928 |
Property Details
Located in vibrant West Hollywood, 7927 & 7929 Norton Ave presents a compelling investment opportunity. This Spanish-style property consists of 4 units across 2 buildings, each offering 3 bedrooms and 2 bathrooms. With a value-add potential and over 70% upside, this property is priced at $393 per square foot, making it a lucrative prospect for investors. The spacious units feature hardwood floors, high ceilings, and charming decorative fireplaces. Each unit is equipped with modern amenities including in-unit washer/dryer, kitchen appliances, and assigned parking spaces. Situated on a 7,395 sq. ft. lot, the property boasts a walk score of 96, providing residents with unparalleled access to dining, entertainment, and shopping options. Conveniently located near Whole Foods, LACMA, and the Sunset Strip, this property offers a premium urban lifestyle. With easy access to major freeways, commuting to Downtown LA or the San Fernando Valley is a breeze. Don't miss out on this opportunity to own a prime piece of real estate in the heart of West Hollywood.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 171,372 |
| Total Annual Expense: | $ 44,181 |
| Net Operating Income: | $ 127,192 |
| Gross Annual Income: | $ 171,372 |
| Cap Rate: | 5.41% |
| Gross Rent Multiplier: | 13.98 |
Structure
| Type of Units: | 3 Bed 2 Bath |
| Buildings: | 2 |
| Levels: | Two |
Land & Parking
| Zoning: | WDR4* |
| Parking Garage: | Tandem |
Interior
| AC/Cooling: | Air Conditioning, Wall/Window, Ceiling Fan |
| Equipment: | Ceiling Fan, Dryer, Dishwasher, Microwave, Refrigerator, Washer |
| Heating: | Natural Gas |
| Laundry: | In Unit |
Exterior
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